BTC/USD
BTC/USD is trading at $6,449 and continues to move within the Triangle model. The coin is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a continuing downward trend.
In favor of continuing the decline, a resistance area test and a bounce from the upper bound of the Triangle model can also happen. To expect confirmation of further drop in quotes of BTC/USD is with the breakdown of the lower bound of the Triangle model and the closing below the level of $6,150.
As part of the forecast for September 11, we can wait for an attempt of correction of the coin and test resistance in the $6405 area, from which further drop in price is possible with a target at $5750.
The abolition of the decline option will be strong growth and breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the $6800 area, which will indicate a change in the downward trend
ETH/USD
ETH/USD is trading at $193 and continues to move within the limits of the decline. The coin is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a downward trend. An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance level, as well as a bounce from the upper boundary of the descending channel. Expect to accelerate the fall in quotes ETH/USD is with the breakdown of the support area and closing below the level of $185.
As part of the forecast for September 11, one can expect an attempt to develop correction and testing the area of Ichimoku Kinko Hyo signal lines near the level of $210, from which we should expect a bounce and an attempt to continue falling of ETH/USD with a target below $165.
The cancellation of the fall option will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and a close above the $245 area, indicating a change in the downward trend.
XRP/USD
XRP/USD is trading at $0.2699 and continues to move within the Triangle model. The coin is traded below the lower boundary of the Cloud of Ichimoku Kinko Hyo, indicating a downward trend. An additional signal in favor of lowering XRP/USD will be a test of the resistance area, as well as a test of the upper boundary of the descending channel.
As part of the forecast for September 11, we can wait for a correction and a test of $0.2850, where the probability of continuing the fall of XRP/USD with a target close to $ 0.2400 is high. Expect to accelerate the fall in the price of XRP/USD is with the breakdown of the lower limit of the model “Triangle” and closing below $0.2500.
The cancellation of the fall variant will be accompanied by the strong growth of the upper boundary of the Ichimoku Kinko Hyo Cloud with a close above the $0.3050 area, which indicates a change in the downward trend in favor of the upward trend.
XMR/USD
XMR/USD is trading at $106.19. The coin is traded below the lower boundary of the Cloud of Ichimoku Kinko Hyo, indicating a downward trend. An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance area and a bounce from the upper boundary of the rising channel. Expect the acceleration of the fall in quotes XMR/USD is with the breakdown of the support area and closing below the level of $100.00.
As part of the forecast for September 11, you can wait for the development of correction and resistance level test near $110.00, and then further fall of the rate with a potential target near the level of $90.00.
Cancellation of this option will be a breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes above the level of $125.00, which will indicate a change in the downward trend.
